Feeds

PalmSource forecasts Q3 breakeven

Big loss on rising revenue in Q2, though

  • alert
  • submit to reddit

The Power of One Infographic

Palm OS owner PalmSource yesterday reported revenues of $16.8 million for Q2 2004, its first fiscal quarter as company in its own right.

That figure marks a 13 per cent increase over the same period last year, at which point PalmSource was operating as an independent business within Palm, now renamed PalmOne following last October's split with PalmSource.

However, the gain wasn't enough to turn the company around. Quite the reverse: it lost $9.1 million (89 cents a share) during the quarter, which ended on 28 November, compared to an $8.3 million loss this time last year.

PalmSource's margins stand at 94 per cent, up from 81 per cent last year. During Q2, license and royalty revenues increased by 14 per cent to $15.5 million.

Looking ahead, PalmSource said it expects revenues to grow during Q3 to reach between $20 million and $22 million. It also expects its loss to shrink - we'd hope so, given those margins - to $2 million and possibly even to zero. ®

Related Story

PalmOne makes Q1 loss

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
NBN Co execs: No FTTN product until 2015
Faster? Not yet. Cheaper? No data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.